Insights Into The Aircraft Lighting Market’s Growth Opportunities Through 2023-2032 – Includes Aircraft Lighting Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing use of modern LED lighting is likely to stimulate innovation in aviation lighting manufacturing, propelling the market during the forecast period.
The global aircraft lighting market is expected to grow from $1.43 billion in 2022 to $1.54 billion in 2023 at a compound annual growth rate (CAGR) of 7.47%. The global aircraft lighting market size is expected to reach $1.99 billion in 2027 at a CAGR of 6.62%.
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Global Aircraft Lighting Market Segments Include:
- By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, Business Jets
- By Technology Type: Light-Emitting Diode (LED), Fluorescent, Other Technologies
- By Installation Type: Line-Fit, Retrofit
- By End-Users: Original Equipment Manufacturer (OEM), Aftermarket, Maintenance, Repair And Operations (MRO)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aircraft lighting market in 2021.
Major Market Players in the aircraft lighting market include Astronics Corporation, Bruce Aerospace, Cobham Limited, Diehl Stiftung & Co. KG, Honeywell International Inc., Luminator Technology Group, Oxley Group, Safran S.A, Soderberg Manufacturing Co. Inc.
Product innovation is a hot trend in the aircraft lighting business. Major players in the aviation lighting industry are focusing on providing innovative solutions to increase their market position. For example, Collins Aerospace, a US-based business specialising in innovative and intelligent solutions for the worldwide aerospace and military industry, will unveil the Hypergamut Lighting System in June 2022. The full-cabin lighting system is intelligently synchronised with real-time flight data to enable predictive and independent functionality, color-optimized to improve the appearance of goods, food, and fixtures throughout the cabin, and human biology-aware to reduce passenger jetlag.
The Aircraft Lighting Global Market Report 2023 provides a aircraft lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft lighting market forecast analyzes aircraft lighting market size, aircraft lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Aircraft lighting is a lighting system that produces both external and interior lights and serves a variety of functions, ranging from identifying an aircraft’s position to determining its direction of flight. It is used to improve aircraft vision during key flying phases, to increase visibility to other aircraft, and to provide lighting for a variety of applications.
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